Techstep Valuation

Is TECH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TECH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TECH (NOK11.75) is trading above our estimate of fair value (NOK5.16)

Significantly Below Fair Value: TECH is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TECH?

Key metric: As TECH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TECH. This is calculated by dividing TECH's market cap by their current revenue.
What is TECH's PS Ratio?
PS Ratio0.4x
SalesNOK 1.06b
Market CapNOK 414.60m

Price to Sales Ratio vs Peers

How does TECH's PS Ratio compare to its peers?

The above table shows the PS ratio for TECH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
ASTK Asetek
0.7xn/aNOK 615.3m
AIRX Airthings
1.1x16.2%NOK 466.7m
STRO StrongPoint
0.3x10.5%NOK 451.4m
HDLY Huddly
1.1xn/aNOK 190.1m
TECH Techstep
0.4xn/aNOK 404.3m

Price-To-Sales vs Peers: TECH is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.8x).


Price to Sales Ratio vs Industry

How does TECH's PS Ratio compare vs other companies in the European Tech Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
TECH 0.4xIndustry Avg. 0.6xNo. of Companies8PS00.61.21.82.43+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TECH is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Tech industry average (0.6x).


Price to Sales Ratio vs Fair Ratio

What is TECH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TECH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TECH's Price-To-Sales Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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